Quote (Thor123422 @ Nov 18 2017 11:16pm)
It's interesting, but how "the future" is it? Is it ten years? Fifty years?
What happens to the initial forms during the turmoil until then?
It's just too risky atm for me to consider.
Safer to just invest in strong, growing businesses for long-term, and volatility for short term.
the same thing that's happening now. As it sits you can pay with Cash, Check, money order, debit card, credit card, paypal, etc. Each new method is brought into the fold while others become more restricted. You can't buy what you could 10 years ago with a check, in 20 years it might be impossible to get much of anything with a check or money order. The magnetic strip on a debit card is rapidly going away with chip readers, how long before the card itself is gone and we just use our smart phones? or a chip in out skin?
but overall, stuff comes in stuff goes out. No currency ever renders another useless, let alone one that's traded as a commodity itself. Even at a farmer's market u can use your card to buy vegetables on a 10$ card scanner attached to someone's phone u just met. Making bitcoin usable on the same phone platform seems to be the easiest way to spread initially, perhaps a credit card and bitcoin combo reader will be the answer.
as to the volatility and floor dropping out once govts take control of it though, i agree entirely.
This post was edited by thesnipa on Nov 20 2017 12:25pm